Director/PDMR Shareholding

RNS Number : 6463X

Avon Rubber PLC

14 January 2014

 

Avon Rubber p.l.c
14 January 2014

Avon Rubber p.l.c. (the Company)

Directors'/PDMR Shareholdings - ESPP

Avon Rubber p.l.c. was notified on 13 January 2014 that the following PDMR acquired shares under the Avon Rubber Employee Stock Purchase Plan (ESPP).  

The ESPP is an employee stock purchase plan available to eligible US employees of the Company's US subsidiaries. Under the ESPP, the Company offers US employees the opportunity to buy or subscribe for shares out of their post-tax salary at a discounted price of no less than 85% market value.

	Number of Shares acquired under the ESPP	Percentage of issued share capital acquired	Price Per Share	Beneficial Interest in shares following this notification	Percentage of issued share capital
PDMR
John Kime	339	0.001	£5.27	15,519	0.050

Section 85(1) of the Financial Services and Markets Act 2000 (FSMA 2000) provides that it is unlawful to offer transferable securities to the public unless an approved prospectus has been made available. The total consideration for the securities being offered is less than €5,000,000 therefore the Company will fall within the exemption at paragraph 9(1) of Schedule 11A of FSMA 2000.

This notification is made in order to satisfy both section 793 of the Companies Act 2006 and Disclosure and Transparency Rule 3.1.2.

 

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